Blogs

Effects of 2010 Union Budget on Stock Markets Across India

Indian-Stock-MarketAll throughout February, the budget concerns managed to shake up the Indian stock market, and it was more-or-less much volatile. However, a bit of consolidation was seen by the time the end of February rolled in. While the Rail Budget did not have much of an impact, the Union Budget was responsible for many upheavals.

On the day that the Budget was released, the Sensex added 175 points, which went down in history as the biggest single day gain for the month of February 2010. Except for the increase in fuel rates, it seems that the Budget was pretty decent overall.

Schedule for IPL Finally Released

IPL-2010In a country where cricket is almost a religion, the fact that the IPL 2010 schedule has been released is obviously a huge deal and a joyous development for the lovers of cricket. Fans are now eagerly waiting for Friday, 12 March,
2010, which is the opening day for the 2010 season matches.

The 3rd IPL season will commence of March 12 and close on April 25. The 2010 season has already managed to create much interest since its biding window was opened, with none of the teams involved opting to pick up the available Pakistani players.

Racist Attacks on Indians in Australia - Are the Authorities Finally Coming Around?

Stephen-SmithIt certainly seems so, especially with the visiting Australian Foreign Minister Stephen Smith, for the first ever time acknowledging that the attacks made on Indian students in Australia were racist in nature. Up until now, the Government had been trying to pass these on as everyday theft crimes, and the very huge possibility that these were hate attacks was being hushed up.

GM India's Successful Bounce Back!

General-MotorsSometime back, General Motors had managed to get itself placed on the
list of companies which had been most hurt by the global financial
meltdown. But now, with the times getting better everywhere, the company
seems to have bounced back with full force, with GM India posting a
record growth of 126% in sales for the month of February 2010.

Last month, the company sold a whopping 11,111 units, as compared to the
4,921 vehicles sold during February 2009.

Things seem to be going well for the automaker otherwise as well, on a
global level that is, with the company looking at definite expansions

Hike in Import Duty for Gold and Silver, Another Highlight of India's 2010 Budget

Hike in Import Duty for Gold and SilverIndia's Union Budget for the year 2010-11 has gained both positive and negative reviews, and most points included in the budget have become issues of massive debates. Another such point is the increase of import duty on gold and silver, especially with both the metals now becoming more and more expensive with each passing day.

While the import duty on gold has been hiked to Rs. 300 per gram, from Rs. 200 a gram, that on silver has been taken from Rs. 1,000 per kilogram to Rs. 1,500 per kilogram.

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